Thursday, October 2nd8.6°C
22738
23038

The Source expands as Best Buy shrinks

The Source electronics retail chain plans to open 20 new locations this year across Canada, continuing an expansion that added dozens of stores last year.

Most of the more than 700 locations operated across Canada by The Source are much smaller than the big-box stores operated by U.S. retailers.

The Source's expansion announcement follows the sudden closure of 15 Canadian big-box stores owned by electronics retailer Best Buy, throwing about 900 people out of work with little or no warning.

Many of the stores doing business as The Source are former Radio Shack stores.

The name was changed after U.S.-based Circuit City acquired the Canadian operations.

Circuit City later declared bankruptcy and closed all its U.S. locations but the Canadian business survived and was acquired by Montreal-based BCE Inc. to complement its Bell products and services.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX14590.18-215.261
S&P CDNX874.92-21.43
DJIA16738.57-66.14
Nasdaq4390.563-31.522
S&P 5001934.63-11.53
CDN Dollar0.8970+0.0014
Gold1217.00+1.50
Oil88.02-1.09
Lumber345.10+7.30
Natural Gas3.935-0.088

 
Okanagan Companies
Pacific Safety0.1350.00
Knighthawk0.01-0.005
QHR Technologies Inc1.26+0.04
Cantex0.055-0.02
Anavex Life Sciences0.188+0.0076
Metalex Ventures0.0550.00
Russel Metals34.00-0.68
Copper Mountain Mining2.18-0.11
Colorado Resources0.16-0.005
ReliaBrand Inc0.019-0.001
Sunrise Resources Ltd0.065+0.045
Mission Ready Services0.31-0.01

 





FEATURED Property
1991615#6-6267 Sundstrom Court
6 bedrooms 4 baths
$684,969
more details
image2image2image2
Click here to feature your property
Please wait... loading


An income investment you may have overlooked

Investors seeking income often limit their selection to bonds and give little or no consideration to preferred shares. They usually ignore preferreds simply because they don't know much about them...


Power-save your way to a down payment

Part 2 of 2 to read Part 1, click here. 5. Dial down your vacations. New York is out. Maybe Buffalo. For West coast, maybe Seattle instead of Hawaii. Use sites like Airbnb (aribnb.ca) to find ch...


A wildly successful manufacturer

Niche food producer “Sweets from the Earth” thrives using innovation, uniqueness and an unwavering focus on quality. A neighbour’s stew turned Ilana Kadonoff off meat at the age of s...

_








Member of BC Press Council


23266